TiVo Posts Narrower 4th-Quarter Loss

A Tivo box on display at a Best Buy store in Mountain View, Calif., Tuesday, March 6, 2007. The TiVo box, powered by the TiVo service, automatically finds and digitally records television programs. TiVo Inc. is expected to release quarterly earnings on Wednesday, March 7, 2007. (AP Photo/Paul Sakuma) (Paul Sakuma - AP)

SAN JOSE, Calif. -- Digital video recording service provider TiVo Inc. posted a narrower fourth-quarter loss Wednesday, beating Wall Street expectations.

The Alviso-based company reported a quarterly loss of $18.7 million, or 19 cents per share, for the three months ended Jan. 31. In the same period last year, TiVo's net loss was $21.1 million, or 25 cents per share.

Net revenues climbed to $77.6 million from $60.1 million a year ago. Excluding hardware sales, service and technology revenue rose 22 percent to $57.4 million, compared with $47 million for the year-ago period.

Analysts, on average, were expecting a loss of 36 cents per share on service and technology revenue of $55 million, according to a survey by Thomson Financial.

TiVo said its total number of subscribers grew to 4.4 million, up slightly from the previous quarter.

Tivo shares rose 20 cents, or more than 3 percent, to close at $6.14 on the Nasdaq Stock Market and gained 41 cents in extended trading after the company issued its quarterly results.